If your looking to financing check into Flagstar Bank. We have a small branch in Scottsdale. For financing options give me a call, I would be happy to provide you with a loan proposal.
We are expecting inventory to increase, which will give Buyers more options over the next few months. That being said I don't believe the increase will be substantial enough to swing the market again, hopefully it is enough to stabilize and we can avoid a slight dip in values.
If you would like to research additional homes, you can go online and search the MLS with the same capabilities that I have as a Realtor at: http://www.jenniemillerrealtor.com
My office is in Kierland and I would be happy to show you any of these homes anytime. I have extensive recommendations from my clients on my Trulia.com profile so that you can see the quality of my work.
I have been selling homes since 1997 and 85254 is my main area. I would love to help you find a second home.
True deals 15-20% do exist but are not easy to find and if they hit the MLS the competition is fierce. In order to win some of these bids I would advise you come in with cash. Our market has done a complete turnaround; a year ago you could you could have picked up a property in the 15-30% market value all day, today is a different story.
Also if you find a deal 15-20% of market value compare it the right way to make sure you have that deal.
1. Only look at sold listings
2. Begin in the subdivision then work your way out
3. Do not consider any comp 300 sq. ft below or above the subject
4. Three sold comparables is a solid way to determine you market value and Pending/Active prices is a great way to determine if prices are going up or down.
Good luck with your search, have fun with it, and anyone on this board including myself would love to help you find your next investment/2nd home.
American Associates Real Estate
Homes | Condos | Investments
Spanish and English speaking Realtor
8930 E. Raintree Drive Suite 200
Scottsdale, AZ 85260
Office 480-458-8007 | Fax 480.767.7200
UPSCALE BOUTIQUE: http://azluxuryhomeblog.com/
TEMPE REAL ESTATE BLOG: http://temperealestateblog.wordpress.com/
Yes Dreams Come True, Let me Show
I have an office in Desert Ridge (Loop 101 & Tatum), Paradise Valley (Tatum & Shea) and Scottsdale (Hayden & Shea) and work in the area you are looking to buy a second / rental home.
If I can be of service you can contact me:
Professional REALTOR Since 1997
HomeSmart Elite Group
It is important to know that 30 homes have sold in this criteria in 2012 to date. The list to sale price ranges from 88% to 112% of list price. The average list to sale price is 99%. I just sold a nice rental at $235k. We asked for $235k and closed at that price. The competition was high. Currently a short sale is your best option for value in price. However, these are less certain to close so risk increase with price and interest rates going up over the waiting period. If you are not financing then interest rate not relevant of course. Big discounts from current market prices would be best option for homes in need of work. Bank owned properties on open MLS get multiple offers at or above asking if priced at market value. Due to increase in market we've seen the wait for short sales garner some gains over that time period and is good if the deal goes through.
Strategy is important, however, it has to lead to results for you. What I'm reading is you want homes priced at $200k-$300k market value at a price of as low as $160k-$240k. In the last 3 months ALL the sales in this criteria sold at or above their asking price. This means you could write offers at discounted prices yet there are others willing to out bid you and you wont get the house.
Off market and trustee sale options exist yet competition is there too.
Be prepared and informed and you'll have the vision to reach the goal.
AZ Real Estate Consultants
Keller Williams Arizona Realty
The property you reffered to above is still available for sale, it's a shortsale and it has a pool. If you don't care for a pool you can get a similar property in the area for 15-20% lower in price. If you send me your contact information I would be glad to forward you some of the active listings in the area within the price range you specified. Call or e-mail me today at 602-769-0890, firstname.lastname@example.org
Realty One Group
7975 N Hayden Rd,STE-A_101
Scottsdale, AZ 85258
I've helped several recent buyers purchase in the 85254 zip code near Desert Ridge and the Mayo Clinic. As with most areas in the Phoenix metro we are seeing rapid appreciation. I've also helped several buyers purchase properties that are succesfully rented as furnished short-term rental properties, which I believe is where you would like to go with this when you are not using it for yourself. I can help you with how to do this and determining which properties will work well and which will not. To achieve a 15-20% discount is very difficult - anyone that tells you different is not being honest. This is possible but it will take evaluating and offering on a number of short sales and trustee sale properties. This takes some time, increased risk, and willingness to make repairs and upgrades after the sale. If you do not have this time and effort you might be better served by purchasing quickly and letting appreciation achieve a similar "discount" you seek to achieve through months of effort. I'd be excited to help you with either strategy.
Please contact me directly if I can be of further help,
Realty One Group
The ones that are AWC are short sales that you can write backup offer on. I also have access to homes that aren't listed on the MLS. If you are interested in seeing an inventory of homes like that, please contact me. These homes are generally discounted in the price range that you are looking for.
Dominion Real Estate Partners
You can also search the MLS from my website http://www.NortheastScottsdale.com - http://www.northeastscottsdale.com/85254.html
We'll negotiate the price once we find you the right property. Inventory is low. Prices are down from where they would have been if we had experienced normal 2-3% appreciation from 2004 to 2012 (without the boom)
Next spring we will see the competition heat up and prices rise. You are still in a good position to buy now.